UK plants deliver £49bn productivity boost

The UK manufacturing sector achieved productivity improvements worth £48.5bn in 2023, an 8.6% increase on 2022, according to analysis of ONS data by FourJaw Manufacturing Analytics. Chris Iveson, CEO at FourJaw, says: “Manufacturers have realised that production excellence is the only viable strategy for combatting supply chain uncertainty, high energy costs and skills shortages. UK manufacturers know they’re only earning when their machine spindles are turning, sothey are adopting technology to see what’s happening in their factories and using data to optimise processes and decisionmaking.”

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